Payward to Launch First Regulated US Onchain Perpetual Futures via Hyperliquid

Key Facts

1Payward, the parent company of Kraken, plans to offer perpetual futures markets on Hyperliquid to U.S.-based clients.

2The service will utilize Hyperliquid's HIP-3 contracts, potentially making it the first U.S.-regulated venue to offer such products.

3The HYPE cryptocurrency experienced a price surge following the announcement of the partnership.

In a move reflecting the push to expand regulated digital derivatives, Payward, the parent company of Kraken, intends to offer perpetual futures markets to U.S. traders via the Hyperliquid protocol. This service will utilize Hyperliquid's HIP-3 contracts, potentially positioning it as the first regulated venue in America to provide these financial products, which have historically been restricted to offshore markets. According to reports, these contracts will be cleared through licensed entities to ensure compliance with U.S. regulatory standards.

This news arrives amid growing momentum in the DeFi sector, as the HYPE cryptocurrency experienced a notable price surge following the partnership announcement. Per market data, this shift highlights increasing interest in integrating public blockchain infrastructure with traditional regulatory frameworks, particularly through the use of an on-chain order book to record trades, thereby enhancing transparency in the derivatives market.

Given the current unavailability of real-time price data for the associated instruments, traders are awaiting the formal activation of these markets pending final regulatory approvals. On the economic front, recent calendar data showed stable interest rate decisions from major central banks, such as the ECB holding at 2.65% on September 10, 2026, providing a relatively stable backdrop for alternative digital assets as markets monitor ongoing U.S. inflation trends.